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Apple Inc. is the number one online music retailer through its iTunes music store. Apple...

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Accounting

Apple Inc. is the number one online music retailer through its iTunes music store. Apple sells iTunes gift cards in $15, $25, and $50 increments. Assume Apple sells $20.9 million in iTunes gift cards in November, and customers redeem $13.9 million of the gift cards in December.

Record the necessary entries in the Journal Entry Worksheet below.

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